The team’s lease at the Superdome expires in 2025, and a variety of alternatives were considered for the next construction project at the Superdome — including the construction of a new stadium. After realizing that a new stadium would cost roughly $2 billion, the decision was made to upgrade the existing building.

There was a time when it seemed that the late Tom Benson was intent on moving the team, perhaps to San Antonio. In the aftermath of the 2005 hurricane that devastated the area, the bond strengthened between the Saints and New Orleans. It’s inconceivable to think of the team playing anywhere else.

4 responses to “Approval given for the sale of $350 million in Superdome bonds”

One thing I would have considered for this renovation would have been to set up so as was the case when it originally opened, the Superdome could also be used for baseball (this was the case before the renovations post-Katrina), possibly to land an existing MLB franchise with the dome if it were done.

>>Under the terms of the financing deal, the Saints have agreed to fund a third of the project costs, or up to about $150 million, and the LSED will fund $210 million through issuing bonds. The state would cover the remaining $90 million.

Why should the public hand over $350MM?
What do the taxpayers get?
Not the few fans that go to the games, but everyone else?